Accuvest Global Advisors Buys 12 Shares of The Priceline Group Inc. (PCLN)
Accuvest Global Advisors increased its stake in The Priceline Group Inc. (NASDAQ:PCLN) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 260 shares of the business services provider’s stock after buying an additional 12 shares during the period. Accuvest Global Advisors’ holdings in The Priceline Group were worth $486,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Hartford Financial Management Inc. bought a new stake in shares of The Priceline Group during the first quarter valued at $106,000. Webster Bank N. A. increased its position in The Priceline Group by 24.0% in the first quarter. Webster Bank N. A. now owns 62 shares of the business services provider’s stock worth $110,000 after buying an additional 12 shares during the last quarter. Assetmark Inc. increased its position in The Priceline Group by 12.5% in the first quarter. Assetmark Inc. now owns 63 shares of the business services provider’s stock worth $112,000 after buying an additional 7 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new position in The Priceline Group during the second quarter worth approximately $112,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in The Priceline Group during the first quarter worth approximately $123,000. Institutional investors own 95.22% of the company’s stock.
Shares of The Priceline Group Inc. (NASDAQ:PCLN) opened at 1860.835 on Wednesday. The Priceline Group Inc. has a 52-week low of $1,402.67 and a 52-week high of $2,067.99. The firm has a market capitalization of $91.29 billion, a PE ratio of 39.522 and a beta of 1.42. The firm’s 50-day moving average price is $1,950.45 and its 200-day moving average price is $1,817.26.
The Priceline Group (NASDAQ:PCLN) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $15.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $14.25 by $0.89. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm posted $13.93 earnings per share. On average, equities analysts predict that The Priceline Group Inc. will post $74.91 earnings per share for the current fiscal year.
A number of research analysts have recently commented on PCLN shares. UBS AG reiterated a “buy” rating and issued a $2,100.00 price objective (up previously from $1,870.00) on shares of The Priceline Group in a report on Thursday, May 11th. Credit Suisse Group set a $2,020.00 price objective on The Priceline Group and gave the company a “buy” rating in a report on Wednesday, May 10th. Needham & Company LLC reiterated a “buy” rating and issued a $2,200.00 price objective on shares of The Priceline Group in a report on Wednesday, May 10th. Macquarie set a $1,970.00 price objective on The Priceline Group and gave the company a “buy” rating in a report on Tuesday, April 18th. Finally, Benchmark Co. reiterated a “buy” rating and issued a $2,050.00 price objective (up previously from $1,900.00) on shares of The Priceline Group in a report on Sunday, May 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The Priceline Group presently has an average rating of “Buy” and a consensus target price of $1,915.13.
In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the sale, the director now directly owns 320 shares in the company, valued at $600,288. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jan L. Docter sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $1,857.67, for a total value of $2,786,505.00. Following the completion of the sale, the director now owns 346 shares of the company’s stock, valued at $642,753.82. The disclosure for this sale can be found here. Insiders sold 4,244 shares of company stock valued at $7,935,398 over the last 90 days. 0.42% of the stock is currently owned by insiders.
About The Priceline Group
The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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